Composite Pipes Market
By Type;
14 mm, 26 mm, 63 mm and OthersBy Manufacturing Process;
Filament Wound and Rotary CastingBy Application;
Food Processing, Chemical Processing, Petrol & Diesel & Kerosene, Air Conditioning, Natural Gas Distribution, Insecticides Spraying, Submersible Piping, Radiator Central Heating, Vacuum Systems and OthersBy Industry Vertical;
Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverages, Chemical Industry and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Composite Pipes Market Overview
Composite Pipes Market (USD Million)
Composite Pipes Market was valued at USD 2,555.41 million in the year 2024. The size of this market is expected to increase to USD 3,791.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
Composite Pipes Market
*Market size in USD million
CAGR 5.8 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.8 % |
Market Size (2024) | USD 2,555.41 Million |
Market Size (2031) | USD 3,791.93 Million |
Market Concentration | Medium |
Report Pages | 316 |
Major Players
- Liao Ning Huayi Chemical
- Hebei Smart Chemicals Company (HSCC)
- Tengzhou Tenglong Chemical
- Fushimi Pharmaceutical
- San Fu
- Remi Fine
- Navyug Pharmachem
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Composite Pipes Market
Fragmented - Highly competitive market without dominant players
The Composite Pipes Market is witnessing robust expansion as industries shift toward lightweight, durable, and corrosion-resistant materials. Currently, around 55–60% of oil and gas transmission systems are incorporating composite pipes to improve efficiency and reduce maintenance costs. Their ability to handle extreme environments while offering longer service life makes them a preferred alternative to conventional metal pipes.
Rising Adoption in Construction and InfrastructureThe use of composite pipes in construction and municipal projects has grown by nearly 40% in recent years. These pipes are increasingly replacing traditional materials in water distribution, sewage, and district heating systems. Their lightweight structure and 25–30% faster installation times significantly reduce labor costs and enhance project efficiency, fueling adoption across infrastructure sectors.
Technological Advancements Driving GrowthInnovations in resin systems and reinforcement fibers have improved the mechanical strength of composite pipes by 20–25%. Long-length spooling and advanced jointing technologies have also increased efficiency in installation and reduced leakage risks. These developments are making composite pipes more reliable and cost-effective for large-scale applications.
Future Growth OutlookWith demand rising across oil & gas, construction, and industrial sectors, the composite pipes market is positioned for sustained growth. Continuous investment in R&D, combined with a 35–40% increase in replacement of metallic pipes, will further accelerate market adoption in the coming years. Their role in delivering sustainable, high-performance solutions ensures a strong market trajectory ahead.
Composite Pipes Market Recent Developments
-
In January 2021, Baker Hughes launched its new advanced onshore composite flexible pipe to address the corrosion challenges with conventional steel pipes for oil and gas, energy, and industrial sectors.
-
According to the report by India Brand Equity Foundation, the Indian residential sector is expected to grow significantly as the central government announced to build 20 million affordable houses across the country by 2022. Such massive development in the construction industry will stimulate the demand for composite pipes which will contribute to the growth of the market in the forecast period.
Composite Pipes Market Segment Analysis
In this report, the Composite Pipes Market has been segmented by Type, Manufacturing Process, Application, Industry Vertical and Geography.
Composite Pipes Market, Segmentation by Type
The Composite Pipes Market has been segmented by type into 14mm, 26mm, 63mm and Others.
14mm
This segment contributes around 20% of the market, mainly utilized in residential plumbing, small-scale irrigation systems, and light industrial pipelines. Its growth is fueled by ease of installation and lightweight design.
26mm
Representing roughly 35% of the market, this size is popular for commercial water distribution and medium-scale industrial projects. The demand is driven by high durability and resistance to chemical corrosion.
63mm
Accounting for nearly 25% of the market, these pipes are ideal for large infrastructure projects and industrial fluid transport. Key features include robust structural integrity and pressure resistance.
Others
This category covers about 20% of the market, serving customized engineering applications and specialized industrial needs. Growth is attributed to the flexibility in design and tailored performance solutions.
Composite Pipes Market, Segmentation by Manufacturing Process
The Composite Pipes Market is segmented by manufacturing process into Filament Wound and Rotary Casting.
Filament Wound
This segment represents approximately 60% of the Composite Pipes Market and is favored for high-strength pipelines in industrial and water distribution systems. The continuous fiber reinforcement offers superior pressure resistance and long-term durability, making it ideal for demanding applications.
Rotary Casting
Accounting for nearly 40% of the market, this process is widely used for custom pipe designs and medium-scale industrial projects. It is preferred due to its uniform wall thickness and cost-effective manufacturing, while maintaining structural integrity and chemical resistance.
Composite Pipes Market, Segmentation by Application
The Composite Pipes Market is segmented by Application into Food Processing, Chemical Processing, Petrol/Diesel/Kerosene, Air Conditioning, Natural Gas Distribution, Insecticides Spraying, Submersible piping, Radiator Central Heating, Vacuum Systems and Others.
Food Processing
This segment accounts for about 15% of the Composite Pipes Market and is widely used for sanitary pipelines and corrosion-resistant tubing. The hygienic properties and chemical inertness make it ideal for beverage and dairy processing.
Chemical Processing
Representing roughly 20% of the market, this application relies on chemical-resistant composite pipes to safely transport corrosive fluids and
Petrol/Diesel/Kerosene
Comprising nearly 12% of the segment, this category is essential for fuel pipelines and storage connections. Its leak-proof properties and resistance to hydrocarbons enhance operational safety in the fuel distribution industry.
Air Conditioning
With an estimated 8% market share, this application benefits from lightweight composite pipes that improve energy efficiency and thermal insulation in HVAC systems.
Natural Gas Distribution
Accounting for about 10%, these pipes are used for safe and durable gas delivery. The pressure resistance and corrosion protection of composite pipes make them highly reliable in residential and industrial pipelines.
Insecticides Spraying
Approximately 5% of the market is driven by pesticide and fertilizer piping. The chemical-resistant surface and flexibility enable precise agricultural application with minimal maintenance.
Submersible Piping
This segment represents roughly 7% and is crucial for water wells and pump installations. The robust composition and pressure endurance ensure long-lasting performance in underwater operations.
Radiator Central Heating
Comprising nearly 6% of the market, these pipes are ideal for hot water distribution in heating systems. They offer thermal stability and durability under high temperature conditions.
Vacuum Systems
With an estimated 4% market share, composite pipes in vacuum applications provide airtight connections and lightweight piping solutions. Their reliable sealing ensures efficient industrial vacuum processes.
Others
This category, about 13% of the market, includes specialty industrial applications requiring custom composite solutions. These pipes are valued for flexibility and adaptability in niche markets.
Composite Pipes Market, Segmentation by Industry Vertical
The Composite Pipes Market is segmented by Industry Vertical Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverages, Chemical Industry and Others.
Oil & Gas Industry
This segment contributes about 25% of the Composite Pipes Market. High-strength pipes are used for oil transportation and gas distribution, offering corrosion resistance and pressure handling capabilities critical for the energy sector.
Construction Industry
Accounting for nearly 20% of the market, composite pipes are widely employed in plumbing, HVAC systems, and infrastructure projects. Their durability and lightweight nature improve installation efficiency and reduce maintenance costs.
Agriculture Industry
Representing around 15%, this segment leverages composite pipes for irrigation, fertilizer distribution, and water management. The flexible construction and chemical resistance support long-term agricultural applications.
Food & Beverages
With a market share of about 12%, composite pipes are preferred for sanitary water lines, dairy processing, and beverage manufacturing. Their hygienic properties and corrosion-resistant surface make them ideal for food-safe applications.
Chemical Industry
This vertical contributes roughly 18% to the market, utilizing chemical-resistant pipes for corrosive fluid handling and industrial chemical transport. The robust design ensures safety and long-term reliability in processing plants.
Others
Covering about 10%, this category includes specialty industrial applications requiring customized piping solutions. The adaptable design and enhanced durability make these pipes suitable for niche markets.
Composite Pipes Market, Segmentation by Geography
In this report, the Composite Pipes Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Composite Pipes Market Share (%), by Geographical Region
North America
This region accounts for around 30% of the Composite Pipes Market, driven by advanced infrastructure and industrial applications. The high adoption of innovative piping solutions and stringent quality standards support market growth in the U.S. and Canada.
Europe
Contributing nearly 25% to the global market, Europe relies on composite pipes for construction projects, oil & gas distribution, and water management systems. Regulatory compliance and technological advancements drive increased adoption in countries like Germany, France, and the UK.
Asia Pacific
This region holds about 28% of the market, fueled by rapid urbanization, industrial growth, and infrastructure development in China, India, and Southeast Asia. Cost-effective solutions and durability of composite pipes make them highly favored in the region.
Middle East & Africa
Representing approximately 10% of the market, the region sees strong demand from the oil & gas sector and industrial construction. Harsh environmental conditions and long-distance pipeline requirements increase the preference for composite pipe solutions.
Latin America
Covering around 7% of the market, Latin America utilizes composite pipes for water supply, agriculture, and industrial applications. Growth is supported by infrastructure investments and resilient materials that withstand regional climate challenges.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Composite Pipes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Industrial Applications
- Lightweight and Durable
- Corrosion Resistance Benefits
-
Infrastructure Development Boost: Infrastructure development is a key driver for the growth of the global composite pipes market. As governments and private sectors invest heavily in modernizing and expanding infrastructure, the demand for advanced piping solutions increases. Composite pipes, known for their durability, lightweight nature, and corrosion resistance, are becoming the preferred choice for various applications such as water supply, sewage systems, and oil and gas transportation. These pipes not only enhance the longevity and reliability of infrastructure projects but also contribute to reducing maintenance costs and downtime, making them an attractive option for large-scale developments.
In regions like Asia-Pacific and the Middle East, where rapid urbanization and industrialization are prevalent, the need for efficient and sustainable infrastructure is paramount. These regions are witnessing substantial investments in smart cities, water management systems, and energy sectors, all of which require high-performance piping solutions. Composite pipes, with their ability to withstand harsh environmental conditions and high pressures, are ideally suited for these demanding applications. As a result, the infrastructure development boom in these regions is creating significant opportunities for the composite pipes market, driving innovation and expansion across the industry.
Restraints
- High Initial Costs
- Technical Skill Requirements
- Limited Awareness Globally
-
Raw Material Price Volatility: Raw material price volatility poses a significant challenge to the global composite pipes market. The production of composite pipes relies heavily on materials such as polymers, resins, and various fibers, whose prices can fluctuate due to factors like supply chain disruptions, geopolitical tensions, and changes in demand. Such volatility can impact the cost structure of composite pipe manufacturers, leading to unpredictable pricing and potential margin pressures. For businesses operating in this market, managing these cost variations becomes critical to maintaining competitiveness and profitability.
Fluctuating raw material prices can deter potential customers from committing to large-scale projects or long-term contracts, due to uncertainties in project budgeting and cost control. This can slow down market growth, particularly in price-sensitive regions or industries. Manufacturers may need to explore strategies such as forward purchasing, diversifying their supplier base, and investing in material innovation to mitigate the impact of price volatility. These efforts can help stabilize production costs and offer more predictable pricing to their customers, thereby fostering market growth despite raw material price fluctuations.
Opportunities
- Emerging Markets Expansion
- Technological Advancements Innovations
- Green Building Initiatives
-
Customized Composite Solutions: The demand for customized composite solutions is increasingly driving innovation and growth in the global composite pipes market. Different industries have unique requirements in terms of pipe performance, dimensions, and durability. Customization allows manufacturers to tailor composite pipes to meet specific needs, such as enhanced chemical resistance for the chemical processing industry, or higher strength-to-weight ratios for aerospace and automotive applications. This ability to provide bespoke solutions not only enhances customer satisfaction but also opens up new market segments and applications for composite pipes.
Advances in manufacturing technologies, such as computer-aided design (CAD) and automated production processes, have made it easier and more cost-effective to produce customized composite pipes. These technologies enable precise control over the composition and structure of the pipes, ensuring that they meet exact specifications and performance criteria. As industries continue to evolve and demand more specialized solutions, the capacity for customization will become a crucial competitive advantage for composite pipe manufacturers, driving innovation and expanding market opportunities.
Composite Pipes Market Competitive Landscape Analysis
Composite Pipes Market is characterized by intense competition as established manufacturers and emerging players continue to strengthen their presence. With more than 60% share held by leading companies, the landscape reflects steady consolidation. Strategic collaboration, targeted merger activities, and diversified partnerships have become central to sustaining market relevance and achieving consistent growth in this sector.
Market Structure and Concentration
The market structure shows moderate concentration with regional and multinational leaders accounting for over 55% penetration. Companies are aligning strategies to capture niche applications through differentiated products. Mergers and acquisitions are reshaping competitive strength, creating stronger portfolios. Such integration drives higher brand recall and reinforces market positioning, while accelerating expansion in emerging industrial segments.
Brand and Channel Strategies
Key manufacturers invest significantly in brand visibility through partnerships with distributors and project contractors. Nearly 50% of firms are enhancing direct-to-customer channels to strengthen market influence. Differentiated strategies, combining value-added services with strong product warranties, enable long-term positioning. The emphasis on trust-building measures highlights the role of collaboration in sustaining brand equity and achieving accelerated growth.
Innovation Drivers and Technological Advancements
Continuous innovation remains a decisive factor, with 40% of the companies introducing products leveraging advanced composites and smart manufacturing methods. Investments in technological advancements such as corrosion resistance, multi-layer reinforcement, and eco-efficient production are driving competitiveness. Collaborative R&D partnerships further boost differentiation, while digital platforms enable improved customer engagement. This focus on R&D enhances resilience and strengthens long-term industry positioning.
Regional Momentum and Expansion
More than 45% of revenue share is concentrated in Asia-Pacific, driven by industrial projects and construction demand. Strategic expansion initiatives, including localized production and supplier partnerships, help global players establish deeper roots. Regional governments encouraging infrastructure upgrades further elevate momentum. Europe and North America also showcase strong collaboration-led entry models, ensuring companies remain adaptable in highly competitive environments.
Future Outlook
The market’s future outlook emphasizes integration of eco-efficient composites, cross-industry collaboration, and advanced digital supply networks. With over 50% of companies adopting sustainable production initiatives, the sector shows strong alignment with long-term growth objectives. Accelerated adoption of smart technologies, coupled with expansion into untapped industrial areas, is set to reinforce leadership and maintain market competitiveness in coming years.
Key players in Composite Pipes Market include:
- Future Pipe Industries (FPI)
- Trelleborg AB
- Owens Corning / Flowtite / Amiblu
- Jushi Group
- Solvay S.A.
- LANXESS AG
- Sika AG
- China National Building Material (CNBM)
- Gurit Holding AG
- Nexus Composite
- Tenaris S.A.
- ZCL Composites
- Wavin
- TechnipFMC
- Pipelife International
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Manufacturing Process
- Market Snapshot, By Application
- Market Snapshot, By Industry Vertical
- Market Snapshot, By Region
- Composite Pipes Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Industrial Applications
- Lightweight and Durable
- Corrosion Resistance Benefits
- Infrastructure Development Boost
- Restraints
- High Initial Costs
- Technical Skill Requirements
- Limited Awareness Globally
- Raw Material Price Volatility
- Opportunities
- Emerging Markets Expansion
- Technological Advancements Innovations
- Green Building Initiatives
- Customized Composite Solutions
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Composite Pipes Market, By Type, 2021 - 2031 (USD Million)
- 14mm
- 26mm
- 63mm
- Others
-
Composite Pipes Market, By Manufacturing Process, 2021 - 2031 (USD Million)
-
Filament wound
-
Rotary Casting
-
- Composite Pipes Market, By Application, 2021 - 2031 (USD Million)
- Food Processing
- Chemical Processing
- Petrol/Diesel/Kerosene
- Air Conditioning, Natural Gas Distribution
- Insecticides Spraying
- Submersible piping
- Radiator Central Heating
- Vacuum Systems
- Others
-
Composite Pipes Market, By Industry Vertical, 2021 - 2031 (USD Million)
-
Oil & Gas Industry
-
Construction Industry
-
Agriculture Industry
-
Food & Beverages
-
Chemical Industry
-
Others
-
- Composite Pipes Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Composite Pipes Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Future Pipe Industries (FPI)
- Trelleborg AB
- Owens Corning / Flowtite / Amiblu
- Jushi Group
- Solvay S.A.
- LANXESS AG
- Sika AG
- China National Building Material (CNBM)
- Gurit Holding AG
- Nexus Composite
- Tenaris S.A.
- ZCL Composites
- Wavin
- TechnipFMC
- Pipelife International
- Company Profiles
- Analyst Views
- Future Outlook of the Market